Update 23B

Revision History

This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:

Overview

HCM Cloud applications have two types of patches you can receive that are documented in this New Feature Summary:

• Release Updates (23A, 23B, 23C, and 23D)
• Optional Monthly Maintenance Packs to each update

It is important for you to know what Release Update your environment is on. You can find this in your Cloud Portal.

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HAVE AN IDEA?

We’re here and we’re listening. If you have a suggestion on how to make our products better, please let us know. To enter an idea go to the Ideas Lab on Oracle Customer Connect. In this document wherever you see the light bulb icon after the feature name it means we delivered one of your ideas.

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SUGGESTED READING FOR ALL HCM PRODUCTS:

• HCM Common What's New- In this What's New you will find feature that are used across applications.
• Human Resources What’s New – In the Global Human Resources section you will find features on the base application in which other application are built upon.

NOTE: Not all Global Human Resource features are available for Talent and Compensation products.

• Oracle Human Capital Management Cloud Functional Known Issues and Maintenance Packs (Document ID 1554838.1). These documents identify bug fixes and possible known issues. You will also need to review these documents based in the release update version you are currently on or will be moving to.•
• Oracle Help Center – Here you will find guides, videos and searchable help.
• Release Readiness – New Feature Summary, What’s New, Feature Listing Spreadsheet, Spotlights and Release Training

GIVE US FEEDBACK

We welcome your comments and suggestions to improve the content. Please send us your feedback at oracle_fusion_applications_help_ww_grp@oracle.com. Indicate you are inquiring or providing feedback regarding the HCM Cloud What’s New in the body or title of the email.

Payroll

Global Payroll

Oracle Global Payroll is a high-performance, graphical, rules-based payroll management application. It’s designed to keep pace with the changing needs of your enterprise and workforce in order to reduce setup costs, administration, and processing time. It operates globally and consistently in every country supported by Oracle. It uses a highly scalable processing engine that takes advantage of the features of the Oracle database for parallel processing, resulting in optimal performance. In countries with payroll extensions delivered and supported by Oracle, the application delivers the calculations, tax reporting, and regulatory rules required to accurately process payroll and remain in compliance.

Search for Values Defined by Criteria

Search for a criteria and value records using the new search feature on the Values Defined by Criteria page.

Translation: Report Format Issues

Generate reports in the format of the submitting user. User can select the desired format which will now be derived using the language and regional setting of the user who submitted the report.

Candidate Records No Longer Displayed in Payroll

View and select only records that are managed within the Payroll product, such as employee. You can no longer select Candidate records on Payroll responsive pages such as Personal Payment Methods, Payroll Relationship, and Calculation Entries.

Navigate to the Event Notifications Page For a Person

Use the Event Notifications button on the Event Action Notifications page to navigate to the Event Notifications page for the selected employee. This lets you view retropay notifications for the selected employee. The person subheader, along with the person smart navigation window, is added to the Event Notifications page. Use the Payroll > Event Notifications menu to navigate to the Event Notifications page from any payroll person page, such as Calculation Entries and so on, while retaining the context of the selected employee.

Enhancements to Responsive Person Costing Page

View the effective date of the information displayed in the responsive person costing page. And, delete individual cost accounts when an employee has split costing to multiple accounts.

Parameter Submission Enhancement on the Flow Submission Page

Search for a specific person or location on the Flow Submission page by entering appropriate text to quickly return appropriate values of the parameter.

Roll back Process Errors Action from Process Results Pages

Roll back the process errors from the Process Results Summary and Process Results pages.

Configure the Absence and Time Fields on the Calculation Entries Page

Use Design Studio to configure the Absence and Time fields on the Calculation Entries page. You can hide or display specific fields, and make specific fields optional or mandatory.

Redwood Experience

These pages or flows have been recreated in the Redwood tool set Visual Builder Studio (VBS) to improve your user experience. The pages or flows look and act like Redwood pages or flows, to help create cohesiveness through the application.

Redwood Experience For Year-End Documents

View year-end documents using the new Redwood experience VBS page.

Payroll for Canada

Payroll for Oracle Human Capital Management for Canada supports country specific features and functions for Canada. It enables users to follow Canada's business practices and comply with its statutory requirements.

Global Uptake: HDL Support of Payroll Assignment for Canadian Information

Load assignment-level Canadian information, using HDL for the Payroll Assignment Details object.

Payroll for India

Payroll for Oracle Human Capital Management for India supports country specific features and functions for India. It enables users to follow India's business practices and comply with its statutory requirements.

Payroll for India

Oracle Cloud HCM expands its global footprint to support Oracle Fusion Cloud Payroll for India. On top of the strong Global Payroll functionality, key enhancements are included beginning with this release, to meet the needs of the local market.

Investment Proof Verification and Approvals

Enhance the user experience with the simplified investment proof verification and approval process. As a payroll user, you can quickly view, verify, and approve the employees' investment proof documents furnished for the financial year.

Compute Termination Payments for the Employees

Improved termination process that accommodates processing of relevant termination payments for employees. The final settlement can be processed in the regular run, or separately, for an employee using quick pay.

Payroll for Oman

Payroll for Oracle Human Capital Management for Oman supports country specific features and functions for Oman. It enables users to follow Oman's business practices and comply with its statutory requirements.

Statement of Earnings and Payslip

Use a fully operational Statement of Earnings and Payslip to meet your requirements. The online Statement of Earnings is a function used by payroll professionals to validate the results of the payroll run and prepayments for an employee as part of the payroll lifecycle.

Transfer Payments

Transfer employee payments such as direct deposits to bank accounts (EFT). You can also print cheques, pay by cash, or process an international transfer. You can use the provided templates for EFT (based on the Oman Electronic Fund Transfer System) or cheque to create templates for your own usage.

Element Template for Allowances

Use the Oman specific element template and calculation rules for the Social Allowance. You can also use the templates for Basic Salary, Overtime, and Bonus.

Payroll for the United Kingdom

Payroll for Oracle Human Capital Management for the United Kingdom supports country specific features and functions for the United Kingdom. It enables users to follow the United Kingdom's business practices and comply with its statutory requirements.

Real-Time Information Reporting for Tax Year 2023-24

Comply with the Real-Time Information reporting requirements to HMRC using the newly delivered process for Full Payment Submission (FPS) for the tax year ending April 2024, and the Employer Payment Summary (EPS) process for the tax year 2023-24. These processes are updated to reflect the reporting changes required for the new tax year.

Annual Benefits Statement for Benefits-in-Kind

Provide a statement to your employees who have their benefits processed through payroll. You can run the new reporting process that produces a statement to show the taxable value of each benefit.

Payroll of Benefits in Kind for Tax Year 2023-24

Provide accurately calculated taxable amounts during the year 2023-24 to your employees who have benefits-in-kind processed through payroll. The applicable rates, benefit costs, and other related amounts that are applicable come into effect as of April 2023 are included.

P11D Expenses and Benefits Statement for Tax Year 2022-23

Provide P11D Expenses and Benefits statement to your employees for the tax year 2022-23, and produce the XML file with that information HMRC submission. The relevant rates and values for tax year 2022-23 have all been included, and all the templates are updated for P11D and Worksheets.  

P46(Car) Report for Tax Year 2023-24

Run the P46(Car) process to report employee company car details to HMRC for the tax year 2023-24. This process has been updated with the new tax year requirements.

Legislative Changes for the Tax Year 2023-24

Stay compliant with legislative changes introduced for the tax year 2023-24. This includes all the prescribed changes to rates, thresholds, and percentages for tax, National Insurance deductions, statutory payments, student and postgraduate loans, pensions enrolment trigger and band, Scottish earnings arrestment bands, and all other changes that apply for UK, Scotland and Wales from 6 April 2023.

Payroll for Mexico

Payroll for Oracle Human Capital Management for Mexico supports country specific features and functions for Mexico. It enables users to follow Mexico's business practices and comply with its statutory requirements.

Profit Sharing Reporting Enhancements

Review results of the Calculate Mexico Profit Sharing process using the profit sharing excel report and optionally upload the audit information and view it in the Payroll Interface Inbound Records page.